Some lawmakers are calling for U.S. Department of Labor hearings on whether banks accused of rigging foreign exchange markets should be allowed to manage retirement accounts or pension funds.
Raiding a retirement account is universally seen as an unwise costly move, especially if there are other cash reserves or low-interest lines of credit available, as was the case with Rubio.
A typical middle-income household needs a buffer of approximately $4,800 in liquid assets — roughly 14 percent of annual income after taxes — to sustain the typical monthly fluctuations in income and spending observed between 2013 and 2014.
A new report estimates that American workers are likely to walk away from a total of $24 billion in free money each year — in the form of unclaimed 401(k) company matches.
Almost two dozen financial institutions nationwide are offering checking account yields of 2 percent or better. A few might even reach 5 percent.
About 67 percent of Americans in their 20s have already put aside a chunk of cash for a period of time in their lives that is decades away.
Over their careers, graduates with the highest-paying majors earn $3.4 million more than the lowest-paying majors.
Robinhood the app is getting money from willing rich investors to allow mostly young or first-time investors to buy and sell stocks without the usual burden of fees, which can run between $7 and $10 per trade.
The Powerwall increases the energy-storage capacity for a house with solar panels, but can also be used during power outages instead of messier, louder and gas-reliant generators.
Goldman Sachs has added millions of dollars, and possibly more important a dose of legitimacy and a Wall Street boost, to the bitcoin community.